Investor Newsletter DSNG 9M14
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
DSN’s total FFB production in 9M14 reached 1,004,870
tons, or an increase of 13.5% compared to 9M-2013. Total
FFB processed also rose during the period, to 1,205,620 tons
or 26.1% higher compared to 2013, while our CPO
production reached 288,692 tons, for an increase of 24.1%
Plantation Performance
FFB Production (ton)
- FFB Nucleus (ton)
- FFB Plasma (ton)
Mill Performance
FFB Processed (ton)
CPO Production(ton)
PK Production (ton)
PKO Production (ton)
CPO OER (%)
FFA (%)
Sales Performance
CPO (ton)
PK (ton)
PKO (ton)
Number 6 | October 2014
from the previous year. The company's CPO sales volume
increased by 22.6%, to 293,605 tons.
Our CPO OER improved through third quarter, for an 9M14
yield of 23.95%. Our blended average FFA levels increased
in 9M14, with an overall FFA of 2.86%.
Q3-2014
Q2-2014
Q1-2014
QoQ (%)
9M-2014
9M-2013
YoY (%)
FY2013
350,505
319,661
30,844
351,134
321,674
29,460
303,231
278,719
24,512
-0.2
-0.6
4.7
1,004,870
920,054
84,816
885,482
826,140
59,342
13.5
11.4
42.9
1,240,819
1,152,611
88,207
409,831
99,333
14,402
4,608
24.24
3.05
421,976
100,974
13,195
4,473
23.93
2.66
373,813
88,385
10,988
3,760
23.64
2.87
-2.9
-1.6
9.2
3.0
1.3
14.7
1,205,620
288,692
38,585
12,841
23.95
2.86
956,218
232,701
30,129
8,636
24.34
2.63
26.1
24.1
28.1
48.7
-1.6
8.7
1,380,528
335,730
43,277
13,482
24.32
2.67
100,785
2,581
6,001
103,267
2,476
3,001
89,554
2,533
6,701
-2.4
4.3
100.0
293,606
7,591
15,703
239,481
13,688
3,200
22.6
-44.5
390.7
336,240
15,622
9,400
PLANTING PROGRAM
New Planting
%Δ
Q3 -2014
Q2 -2014
Q1-2014
QoQ (%)
9M-2014
9M-2013
Nucleus (ha)
1,478
1,235
893
19.7
3,606
3,983
-9.5
5,799
Plasma (ha)
1,118
782
588
43.0
2,488
1,757
41.6
3,392
Total (ha)
2,595
2,017
1,481
28.7
6,094
5,740
6.2
9,190
Planted (as of Sept ‘14) (ha)
FY2013
Planted Hectarage
Average Age (yr)
Mature (ha)
Immature (ha)
Total Planted (ha)
Nucleus
7.4
48,038
13,431
61,469
Plasma
3.3
6,371
8,783
15,154
Total
6.6
54,409
22,214
76,623
35.975
34.187
32.868
27.902
37.640
31.817
35.271
33.886
29.370
26.267
32.747
26.462
29.070
30.332
25.492
28.241
26.020
20.695
19.450
25.499
121.805
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014
35.231
2013
CPO Production (ton)
2014
114.474
2013
100.984
112.485
77.506
87.973
81.272
102.774
96.959
116.492
104.977
122.182
93.872
112.460
116.272
96.770
108.688
131.860
104.953
121.875
119.057
FFB Production (ton)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
KPB Medan 2013
Labanan 2013
CPO AVERAGE SELLING PRICE (Rp '000/ton)
10.000
9.500
9.000
8.500
8.000
7.500
7.000
6.500
6.000
5.500
5.000
8.732
8.729
8.888
9.069
8.818
8.336
KPB Medan 2014
Labanan 2014
8.357
7.658
8.390
7.916
8.307
Nov
Dec
7.640
5.906
6.314
Jan
6.639
6.733
6.632
6.716
Mar
Apr
May
Jun
Feb
6.999
6.906
7.044
Jul
Aug
Sep
Oct
DSNG Price is based on FOB Labanan Port Pricing
WOOD PRODUCTS BUSINESS
In the first 9M14, panel sales volume declined by 23.2% to 149,873 m3 compared to the same period in 2013. At the same time, the
Average Selling Price (ASP) of our wood panels rose by 12.2%. Engineered Door production volume also declined by 6.8% in the
period, with ASPs higher by 17.1%. Meanwhile both the volume and ASP of our Engineered Flooring product increased by 11.0% and
20.9% respectively in the 9M14.
%Δ
FY2013
195,105
-23.2
244,642
37,777
40,525
-6.8
51,989
-5.6
878,698
792,209
4.32
2.6
4.32
3.85
12.2
3.97
1.13
1.28
5.6
1.19
1.02
17.1
1.06
0.37
0.35
0
0.36
0.30
20.9
0.31
Q3-2014
Q2-2014
Q1-2014
Q-o-Q (%)
9M-2014
9M-2013
Panel (m3)
35,984
55,870
58,019
-35.6
149,873
Engineered doors (Pcs)
11,880
15,624
10,273
-24.0
278,883
295,563
304,252
Panel (/m3)
4.38
4.27
Engineered doors (/pc)
1.19
Engineered flooring (/m2)
0.37
Sales Volume
Engineered flooring (M2)
11.0 1,073,412
Average Selling Price (Rp million)
DISCLAIMER: The views expressed here contain information derived from publicly available sources that have not been independently
verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking
information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This
presentation should not be relied upon as a recommendation or forecast by PT. Dharma Satya Nusantara Tbk. Nothing in this release
should be construed as either an offer to buy or sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Rawa Gelam V Kav OR/3B Kawasan Industri Pulogadung, Jakarta 13930 Indonesia
INVESTOR NEWSLETTER
DSN’s total FFB production in 9M14 reached 1,004,870
tons, or an increase of 13.5% compared to 9M-2013. Total
FFB processed also rose during the period, to 1,205,620 tons
or 26.1% higher compared to 2013, while our CPO
production reached 288,692 tons, for an increase of 24.1%
Plantation Performance
FFB Production (ton)
- FFB Nucleus (ton)
- FFB Plasma (ton)
Mill Performance
FFB Processed (ton)
CPO Production(ton)
PK Production (ton)
PKO Production (ton)
CPO OER (%)
FFA (%)
Sales Performance
CPO (ton)
PK (ton)
PKO (ton)
Number 6 | October 2014
from the previous year. The company's CPO sales volume
increased by 22.6%, to 293,605 tons.
Our CPO OER improved through third quarter, for an 9M14
yield of 23.95%. Our blended average FFA levels increased
in 9M14, with an overall FFA of 2.86%.
Q3-2014
Q2-2014
Q1-2014
QoQ (%)
9M-2014
9M-2013
YoY (%)
FY2013
350,505
319,661
30,844
351,134
321,674
29,460
303,231
278,719
24,512
-0.2
-0.6
4.7
1,004,870
920,054
84,816
885,482
826,140
59,342
13.5
11.4
42.9
1,240,819
1,152,611
88,207
409,831
99,333
14,402
4,608
24.24
3.05
421,976
100,974
13,195
4,473
23.93
2.66
373,813
88,385
10,988
3,760
23.64
2.87
-2.9
-1.6
9.2
3.0
1.3
14.7
1,205,620
288,692
38,585
12,841
23.95
2.86
956,218
232,701
30,129
8,636
24.34
2.63
26.1
24.1
28.1
48.7
-1.6
8.7
1,380,528
335,730
43,277
13,482
24.32
2.67
100,785
2,581
6,001
103,267
2,476
3,001
89,554
2,533
6,701
-2.4
4.3
100.0
293,606
7,591
15,703
239,481
13,688
3,200
22.6
-44.5
390.7
336,240
15,622
9,400
PLANTING PROGRAM
New Planting
%Δ
Q3 -2014
Q2 -2014
Q1-2014
QoQ (%)
9M-2014
9M-2013
Nucleus (ha)
1,478
1,235
893
19.7
3,606
3,983
-9.5
5,799
Plasma (ha)
1,118
782
588
43.0
2,488
1,757
41.6
3,392
Total (ha)
2,595
2,017
1,481
28.7
6,094
5,740
6.2
9,190
Planted (as of Sept ‘14) (ha)
FY2013
Planted Hectarage
Average Age (yr)
Mature (ha)
Immature (ha)
Total Planted (ha)
Nucleus
7.4
48,038
13,431
61,469
Plasma
3.3
6,371
8,783
15,154
Total
6.6
54,409
22,214
76,623
35.975
34.187
32.868
27.902
37.640
31.817
35.271
33.886
29.370
26.267
32.747
26.462
29.070
30.332
25.492
28.241
26.020
20.695
19.450
25.499
121.805
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014
35.231
2013
CPO Production (ton)
2014
114.474
2013
100.984
112.485
77.506
87.973
81.272
102.774
96.959
116.492
104.977
122.182
93.872
112.460
116.272
96.770
108.688
131.860
104.953
121.875
119.057
FFB Production (ton)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
KPB Medan 2013
Labanan 2013
CPO AVERAGE SELLING PRICE (Rp '000/ton)
10.000
9.500
9.000
8.500
8.000
7.500
7.000
6.500
6.000
5.500
5.000
8.732
8.729
8.888
9.069
8.818
8.336
KPB Medan 2014
Labanan 2014
8.357
7.658
8.390
7.916
8.307
Nov
Dec
7.640
5.906
6.314
Jan
6.639
6.733
6.632
6.716
Mar
Apr
May
Jun
Feb
6.999
6.906
7.044
Jul
Aug
Sep
Oct
DSNG Price is based on FOB Labanan Port Pricing
WOOD PRODUCTS BUSINESS
In the first 9M14, panel sales volume declined by 23.2% to 149,873 m3 compared to the same period in 2013. At the same time, the
Average Selling Price (ASP) of our wood panels rose by 12.2%. Engineered Door production volume also declined by 6.8% in the
period, with ASPs higher by 17.1%. Meanwhile both the volume and ASP of our Engineered Flooring product increased by 11.0% and
20.9% respectively in the 9M14.
%Δ
FY2013
195,105
-23.2
244,642
37,777
40,525
-6.8
51,989
-5.6
878,698
792,209
4.32
2.6
4.32
3.85
12.2
3.97
1.13
1.28
5.6
1.19
1.02
17.1
1.06
0.37
0.35
0
0.36
0.30
20.9
0.31
Q3-2014
Q2-2014
Q1-2014
Q-o-Q (%)
9M-2014
9M-2013
Panel (m3)
35,984
55,870
58,019
-35.6
149,873
Engineered doors (Pcs)
11,880
15,624
10,273
-24.0
278,883
295,563
304,252
Panel (/m3)
4.38
4.27
Engineered doors (/pc)
1.19
Engineered flooring (/m2)
0.37
Sales Volume
Engineered flooring (M2)
11.0 1,073,412
Average Selling Price (Rp million)
DISCLAIMER: The views expressed here contain information derived from publicly available sources that have not been independently
verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking
information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This
presentation should not be relied upon as a recommendation or forecast by PT. Dharma Satya Nusantara Tbk. Nothing in this release
should be construed as either an offer to buy or sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Rawa Gelam V Kav OR/3B Kawasan Industri Pulogadung, Jakarta 13930 Indonesia